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20130821
20130821
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of detroit of their pensions. they worked hard for these pensions. [applause] and let me tell you something, if they, if we stand by while they take the detroiters pensions, they'll be taking our pensions. so don't think it won't happen to us. if they can set a precedent, they'll do it to us again. you know, let me just tell you this: inequality is a scourge on our society. and, yes, we're talking about low-wage workers making $7.25 an hour, we've got to do something about it. but there's the other side of that, the other side of that is that some people are doing pretty good. so between 1979 and 2007, 20, you know, a period of a it little bit less than 20 years, real income rose by 240% for those at the top 1. it's a shameful thing. it is a moral issue. and we have got to fight back at this. let me tell you this, our economy is capable be of producing -- capable of producing enough good paying jobs for everyone. [applause] our economy can do it. this economy can do it. but we can't do it while we're getting trade deals that are shipping our jobs overseas that just leaned on us if a few mon
for the administration to say, oh, we're behind you, detroit. no. we said to wall street $800 billion we're behind you, so that's being behind me. [laughter] >> okay. mark -- [inaudible] that's behind you. what would be some of those policies? >> so wall street caused more damage than what we have put into the budget. there needs to be a financial transaction tax, because when they -- [applause] we lose. and they have to pay for cleaning up the whole mess. not just their mess, not just the mess that let them get their jobs back, get their bonuses back and then argue for a tax cut after they got their bonuses and we saved their bankrupt companies. if we saved aig that was bankrupt, we can save detroit that's bankrupt. and if aig who caused the downturn in the first place could get a bonus because it stated in their contract they had to get a bonus, then detroit city workers can get a pension just hike it said in their contract. [applause] .. which of course makes the united states different and unique from other countries in the world supporting the immigrants now no other country even comes close. but
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